30% fall in land registrations
Property registrations across the state have come to a grinding halt on account of online freezing of prohibited properties by the government. According to officials of Stamps and Registrations department, the number of transactions has declined by 30 per cent since the ban which is in force from the last few days.
Vijayawada: Property registrations across the state have come to a grinding halt on account of online freezing of prohibited properties by the government. According to officials of Stamps and Registrations department, the number of transactions has declined by 30 per cent since the ban which is in force from the last few days.
Though the decision to prohibit the public properties from illegal transfers is hailed, lack of clarity over such list of properties and blanket ban on the survey numbers where the prohibited property existed has reportedly come in for a severe criticism from public.
The banned properties include government lands, endowment lands, properties held by trusts, missionaries, charity homes, wakf boards, public spaces like parks, nalas, etc. All the survey numbers where the public properties were situated were said to have banned from registrations.
The prohibited list was prepared long ago and supplied to the registration department and the sub-registrars were given discretion to execute the transactions. The sub-registrars were expected to single out the prohibited properties and allow transactions in non-controversial properties.
As the institution of sub-registrar was under scanner after scams at Hyderabad and Visakhapatnam, the government had taken away powers from the officers but failed to put in place an alternative mechanism.
As per the latest act, the entire survey number is blocked for the sake of small parcel of land which was classified as prohibited property.
The administration has no mechanism to stall only the classified properties but put on hold the entire stretch of land in that particular survey number. In a particular case, a prospective buyer purchased a house plot in a real estate venture and was shocked to see his property under prohibited list.
The reason was that one of the buyers in the same venture faced charges under Anti-corruption law. Since the property of the controversial person was under “freeze” from the authorities, the entire parcel of the land in the venture attracted the same punishment.
Owners of properties who planned mortgage of properties for loans or sought for freeing of the property from encumbrance after repayment of loans were in for a serious disappointment due to the blanket ban. The officials were seen pacifying angry public saying that the issue would be resolved within a week.
P Venkatarami Reddy, inspector general stamps and registration department told The Hans India that discretionary powers were withdrawn from the sub-registrars and delegated to the district registrars. “Software upgradation will take place by Saturday,” he informed.